NXP Semiconductors (NASDAQ:NXPI) Price Target Raised to $265.00

NXP Semiconductors (NASDAQ:NXPI) had its price objective boosted by Mizuho from $225.00 to $265.00 in a research note issued to investors on Wednesday, Benzinga reports. Mizuho currently has a neutral rating on the semiconductor provider’s stock.

A number of other equities analysts also recently weighed in on the company. StockNews.com downgraded NXP Semiconductors from a buy rating to a hold rating in a report on Tuesday. Susquehanna increased their target price on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a neutral rating in a research report on Wednesday, February 7th. Morgan Stanley boosted their price target on shares of NXP Semiconductors from $221.00 to $224.00 and gave the company an equal weight rating in a report on Wednesday, February 7th. Truist Financial increased their price objective on NXP Semiconductors from $265.00 to $291.00 and gave the stock a buy rating in a report on Wednesday. Finally, Cantor Fitzgerald restated an overweight rating and issued a $290.00 target price on shares of NXP Semiconductors in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $257.72.

NXP Semiconductors Stock Up 1.4 %

Shares of NASDAQ:NXPI opened at $257.85 on Wednesday. The firm has a 50 day simple moving average of $242.58 and a 200 day simple moving average of $221.15. NXP Semiconductors has a 52 week low of $161.23 and a 52 week high of $264.26. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.39 and a current ratio of 2.35. The company has a market cap of $65.93 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 0.94 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.40 billion. As a group, research analysts expect that NXP Semiconductors will post 12.21 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were paid a $1.014 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a yield of 1.57%. NXP Semiconductors’s payout ratio is presently 37.49%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of NXP Semiconductors in the first quarter valued at about $25,000. FinTrust Capital Advisors LLC grew its holdings in NXP Semiconductors by 75.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after buying an additional 49 shares during the last quarter. LifeSteps Financial Inc. bought a new position in NXP Semiconductors in the 1st quarter worth approximately $30,000. Operose Advisors LLC bought a new position in NXP Semiconductors in the 3rd quarter worth approximately $26,000. Finally, Valley National Advisers Inc. lifted its holdings in shares of NXP Semiconductors by 98.6% during the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.